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Incorporated in 1992, Porwal Auto Components Limited manufactures and sells SG and CI castings for the automobile sector for Commercial Vehicles. The manufacturing plant of the company is situated at Pithampur 30 Kms. away from Indore.
Porwal Auto Components Limited manufacturers around 12 different categories of castings such as SG Iron & Grey Iron Hubs, Different carriers and cases, bracketory components, Transmission cases, T G cases, Housings & cover components, Brake Drums, Links components, Pulleys, Pump parts, Exhaust manifolds and Bends.
Porwal's client list includes companies like Eicher Motors Ltd, Man Force Trucks Pvt. Ltd, L & T Case Equipment Ltd, Force Motors Ltd, Eicher Tractors Ltd, Tata Autocomp Systems Ltd, Brakes India Ltd, Gajra Gears Ltd, Shakti Pumps India Ltd, Diesel Components Works.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. To augment the current ongoing expansion of its manufacturing capacity of the CI and SG castings from 6600 MT per annum to 27600 MT per annum;
2. Setting up of one Wind Mill, having Power generation capacity of 1.5 MW which would be used for captive consumption;
3. To meet the expenses of the Issue;
4. To list the equity shares at the Bombay Stock Exchange;
5. To meet the long term working capital requirements of the Company.
| IPO Opening Date | Dec 17, 2007 |
| IPO Closing Date | Dec 20, 2007 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹68 to ₹75 per equity share |
| Market Lot | 80 Shares |
| Min Order Quantity | 80 Shares |
| Listing At | BSE |
| Issue Size | 5,000,000 Eq Shares of ₹10 (aggregating up to ₹37.50 Cr) |
The Porwal Auto IPO market lot size is 80 shares. A retail-individual investor can apply for up to 33 lots (2640 shares or ₹198,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 80 | ₹6,000 |
| Maximum | 33 | 2640 | ₹198,000 |
Note:
The Equity Shares offered through this public issue will be listed on Bombay Stock Exchange of India (BSE), Designated Stock Exchange and Over the Counter Exchange of India.
Investors are requested to note that that bids also can be registered through on-line facilities on National Stock Exchange of India Limited (NSE) along with that of BSE.
The Porwal Auto IPO is subscribed 1.03 times on Dec 20, 2007 17:00. The public issue subscribed 2.44 in the retail category, 0.21 in the QIB category, and 0.48 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Monday, January 14, 2008 |
| BSE Script Code | 532933 |
| NSE Symbol | |
| Listing In | B1 Group of Securities |
| ISIN | INE386I01018 |
| IPO Price | ₹75 per equity share |
| Face Value | ₹10 per equity share |
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Porwal Auto Components Limited
Kanti Mansion,
6-Murai Mohalla,
Indore 452001 Madhya Pradesh, India
Phone: +91-0731-4051704
Email: admin@porwalauto.com
Website: http://www.porwalauto.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pacl-fpo@intimespectrum.com
Website: http://www.linkintime.co.in
Porwal Auto IPO is a main-board IPO of 5,000,000 equity shares of the face value of ₹10 aggregating up to ₹37.50 Crores. The issue is priced at ₹68 to ₹75 per equity share. The minimum order quantity is 80 Shares.
The IPO opens on Dec 17, 2007, and closes on Dec 20, 2007.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.
The Porwal Auto IPO opens on Dec 17, 2007 and closes on Dec 20, 2007.
Porwal Auto IPO lot size is 80 Shares and the minimum order quantity is 80 Shares.
You can apply in Porwal Auto IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Porwal Auto IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Porwal Auto IPO allotment status.
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